In our last update, we promised you some big releases…let’s get started!
Spiff Mobile App For Reps
Reps can now easily track their commissions on the go and in real-time with the Spiff mobile app for iOS and Android. Now you can surf while checking your commissions on the Spiff mobile app. Driving while checking your commissions is still a bad thing though…
- Track your sales commissions in real-time
- Review all the deals or key metrics contributing to your commissions
- Easily switch between commission periods
ASC606 / IFRS 15 Automation
For all companies paying sales commissions, ASC 606 and IFRS 15 accounting standards have changed the way revenue from contracts can be recognized and how expenses tied to those contracts can be amortized (PWC wrote an awesome guide about this). Good news, Spiff now lets you generate ASC606 / IFRS 15 commission expensing reports at the click of a button, directly from your commission data and based on your unique situation. Spiff loves you too much to make you create such reports manually. Take a break and go for a walk while we take care of it!
Manual Data Uploader
In addition to all our existing live connectors, Spiff now lets you import any data directly from a spreadsheet and use it to calculate commissions. In other words, we let you Excel at Spiff…
Automated Recoverable Draws
Sometimes, companies like to use draws (pay advances that are subtracted from an employee’s future commissions) to provide some financial stability to a rep working on a brand new product/area, until they build enough business to ride on commissions only. With Spiff, you can now easily create draws against commissions and track any outstanding balances on a rep’s statement until the full amount is reimbursed. You can create draws manually or you can automate them with special rules inside our plan designer. “Les bons comptes font les bons amis“ (Good accounts make good friend) my french grandma would say!
We are happy to welcome our latest integration to the Spiff family: Looker. Looker is an amazing Business Intelligence platform and we are excited to let our customers pull data from it.
As always, if you have any questions, comments or feedback, please let me know directly. Also if you would like a demo, click here and we will be happy to schedule one for you. You can also watch a quick video about our product or just go to spiff.com for more details.